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Romanian Employers Propose Measure Targeting Cos That Have State Budget Debts

Romanian employer organizations UGIR-1903 and CONPIROM on Sunday presented a proposition which allows companies to pay their debts to the state budget in tranches in an interval of five years and implements a series of measures to support firms that do not register debts to the state budget.
Romanian Employers Propose Measure Targeting Cos That Have State Budget Debts
Ioana Tudor
19 dec. 2010, 13:02, English

The draft normative act was initiated by opposition social democrat deputy Mugurel Surupaceanu.

The lawmaker told a news conference Sunday that 70% of Romanian companies register debts to the state budget, and added that the measure will help them resume their activity.

Surupaceanu said firms will be able to pay their debts in tranches based on a contract signed with fiscal authority ANAF.

The initiators of the draft act said the measure will increase revenues to the state budget and will save thousands of firms from bankruptcy.

Companies that pay off their debts entirely will benefit from tax deduction and monthly bonuses if they observe payment deadlines, reads the draft act. This measure will be applied only temporarily, according to the act.